Tisco Financial Group Public Company Limited (TISCO) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand (SET) as follows; In the third quarter of 2019, the net profit totaled 1,877.74 million baht, increased by 62.89 million baht or 3.5% YoY, mainly driven by lower provision expense. Net interest income remained stable YoY despite declining loans spread to 4.8%. Non-interest income from core business slightly increased by 0.2% YoY from all business sectors. Provision expense declined by 84.1% YoY aligning with the credit quality of loan portfolios. Thus, TISCO maintained a high level of return on average equity ROAE at 20.6%. In the third quarter of 2019, TISCO reported NPLs amounting 6,658.43 million baht, decreased by 1,032.51 million baht or 13.4% QoQ, which resulted from the partial completion of the payment hierarchy system revision aligning payment hierarchy and loan classification. Consequently, NPLs of related clients have reverted back to normal. The NPLs comprised of 6,010.86 million baht from the Bank and 647.56 million baht from other subsidiaries. NPL ratio reduced from 3.19% to 2.77% QoQ. NPL ratio of retail loans, corporate loans, and commercial loans were 3.25%, 0.74%, and 1.42% respectively.